Xin Lang Ji Jin·2025-10-15 05:34Core Insights - The Hong Kong stock market is experiencing a positive trend in AI-related stocks, with significant gains in companies like Bilibili, Alibaba, Xiaomi, Kuaishou, Tencent, and Meituan [1] - The Hong Kong Internet ETF (513770) has shown a strong performance, with a recent increase of 2.37% and a positive sentiment from investors reflected in its premium rate [1][3] - Analysts are optimistic about the long-term prospects for Hong Kong stocks, citing the ongoing global interest rate cuts and the accelerating development of the AI industry in China [3] Market Performance - The Hong Kong Internet ETF (513770) has seen a net inflow of 130 million yuan over the past five days, indicating strong investor interest [3] - The ETF's latest scale has surpassed 11 billion yuan, marking a historical high, with an average daily trading volume exceeding 600 million yuan [9] - The current price-to-earnings (PE) ratio of the Hong Kong Internet sector is at 24.22, which is considered low compared to historical averages [3][7] Company Developments - Major companies like Alibaba and Tencent are making significant advancements in AI, with Alibaba forming a new AI team and Tencent's AI model achieving top rankings in global assessments [3] - The top three holdings in the Hong Kong Internet ETF are Alibaba (18.92% weight), Tencent (15.60% weight), and Xiaomi (11.54% weight), collectively representing over 73% of the ETF's total holdings [5][6] Industry Trends - The AI sector is driving a fundamental shift in the narrative surrounding Hong Kong's internet stocks, moving from user growth to AI-driven growth opportunities [3] - The Hong Kong Internet sector has shown higher elasticity this year, outperforming the Hang Seng Tech Index significantly [7]